https://www.taxtmi.com/caselaws?id=205923 The tribunal upheld the reopening of the assessment under sections 147/148, citing a change in law regarding manufacturing activities. The deduction under section 80-IB was allowed for stone cutting activities. The trading addition was deleted due to lack of procedural compliance. The addition on unexplained sundry creditors was also deleted for lack of evidence. The disallowance of stone cutting expenses was overturned. The tribunal dismissed both parties' appeals, affirming the Commissioner's decisions. en-us Fri, 10 Dec 2010 00:00:00 +0530 Thu, 30 May 2013 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205923 The tribunal upheld the reopening of the assessment under sections 147/148, citing a change in law regarding manufacturing activities. The deduction under section 80-IB was allowed for stone cutting activities. The trading addition was deleted due to lack of procedural compliance. The addition on unexplained sundry creditors was also deleted for lack of evidence. The disallowance of stone cutting expenses was overturned. The tribunal dismissed both parties' appeals, affirming the Commissioner's decisions. Case-Laws Income Tax Fri, 10 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205923